TD Asset Management Inc Sells 20,452 Shares of American Water Works Company, Inc. (NYSE:AWK)

TD Asset Management Inc decreased its stake in American Water Works Company, Inc. (NYSE:AWK - Free Report) by 10.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 184,135 shares of the utilities provider's stock after selling 20,452 shares during the quarter. TD Asset Management Inc owned approximately 0.09% of American Water Works worth $27,164,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. PFG Advisors grew its stake in American Water Works by 33.4% in the 1st quarter. PFG Advisors now owns 9,699 shares of the utilities provider's stock valued at $1,431,000 after buying an additional 2,429 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in American Water Works by 2.1% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 124,352 shares of the utilities provider's stock valued at $18,344,000 after buying an additional 2,570 shares during the last quarter. Brown Advisory Inc. grew its stake in American Water Works by 2.2% in the 1st quarter. Brown Advisory Inc. now owns 10,547 shares of the utilities provider's stock valued at $1,556,000 after buying an additional 229 shares during the last quarter. Farther Finance Advisors LLC grew its stake in American Water Works by 45.2% in the 1st quarter. Farther Finance Advisors LLC now owns 2,326 shares of the utilities provider's stock valued at $342,000 after buying an additional 724 shares during the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in American Water Works by 21.5% in the 1st quarter. Oppenheimer & Co. Inc. now owns 7,692 shares of the utilities provider's stock valued at $1,135,000 after buying an additional 1,359 shares during the last quarter. Institutional investors own 86.58% of the company's stock.

Insider Buying and Selling at American Water Works

In other news, CAO Melissa K. Wikle sold 2,825 shares of American Water Works stock in a transaction that occurred on Friday, May 30th. The shares were sold at an average price of $143.28, for a total transaction of $404,766.00. Following the completion of the sale, the chief accounting officer owned 7,572 shares in the company, valued at $1,084,916.16. The trade was a 27.17% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.11% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Wall Street Zen lowered shares of American Water Works from a "hold" rating to a "sell" rating in a research note on Wednesday, May 14th. Evercore ISI raised their target price on shares of American Water Works from $139.00 to $148.00 and gave the company an "in-line" rating in a research note on Friday, May 2nd. Wells Fargo & Company decreased their price target on shares of American Water Works from $147.00 to $141.00 and set an "equal weight" rating on the stock in a research report on Friday. Mizuho raised their price target on shares of American Water Works from $148.00 to $149.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, UBS Group restated a "neutral" rating and issued a $156.00 price target (up from $154.00) on shares of American Water Works in a research report on Friday, July 11th. Four analysts have rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, American Water Works presently has an average rating of "Hold" and a consensus target price of $142.00.

American Water Works Price Performance

Shares of NYSE:AWK traded up $5.48 during midday trading on Friday, reaching $145.72. 2,693,140 shares of the company's stock were exchanged, compared to its average volume of 1,403,311. American Water Works Company, Inc. has a 12 month low of $118.74 and a 12 month high of $155.50. The firm has a market capitalization of $28.42 billion, a PE ratio of 26.26, a price-to-earnings-growth ratio of 3.30 and a beta of 0.69. The company's 50 day simple moving average is $141.20 and its two-hundred day simple moving average is $138.96. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.44 and a current ratio of 0.49.

American Water Works (NYSE:AWK - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The utilities provider reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.53 by ($0.05). American Water Works had a net margin of 21.91% and a return on equity of 10.40%. The firm had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.22 billion. During the same period in the prior year, the business earned $1.42 earnings per share. The company's revenue for the quarter was up 11.1% on a year-over-year basis. Equities research analysts expect that American Water Works Company, Inc. will post 5.71 earnings per share for the current fiscal year.

American Water Works Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 3rd. Shareholders of record on Tuesday, August 12th will be paid a $0.8275 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $3.31 dividend on an annualized basis and a dividend yield of 2.3%. American Water Works's payout ratio is currently 59.64%.

American Water Works Company Profile

American Water Works Company, Inc, through its subsidiaries, provides water and wastewater services in the United States. It offers water and wastewater services to approximately 1,700 communities in 14 states serving approximately 3.5 million active customers. The company serves residential customers; commercial customers, including food and beverage providers, commercial property developers and proprietors, and energy suppliers; fire service and private fire customers; industrial customers, such as large-scale manufacturers, mining, and production operations; public authorities comprising government buildings and other public sector facilities, such as schools and universities; and other utilities and community water and wastewater systems.